Your Taxes: What If You Owe the IRS?

Jonnelle Marte discusses the pros and cons of setting up a payment plan, paying by credit card, or just paying off taxes when you can. Photo: Getty Images.

This transcript has been automatically generated and may not be 100% accurate.

... I ... I'm all right ... well he he he the deadline ... no one ... it is already William Bush bubble ... we get in if you miss all ... to Nomar case here with this place and we are here as we are reminded appetites and hope to Texas ... by the end of my taxes yet I am ... I how much trouble again in the final meet the deadline well you might know by now that new money making idea probably no fewer than owe taxes rise and big thing is that if you don't have the money to campus and April fifteen ... I they are different ways for you ... I learned that more time ok you consider the talent ... yes ... so the sunny as most people will be able to set up a payment plan ... and this is a good option because it does reduce some of the late payment penalties ... on there's a one-time fee of one hundred and five dollars ... you can cut that and I didn't have the money to counter the out of your bank account ... on by ... are you still have to be interred for every mind that you are ... you have this outstanding balance ... I'm the thing is to try to pay with your credit card ... on TV in Honolulu ... the solution ... it depends on and on the pier stand but ... you'll need to step into priests and convenience the roughly two percent ... and then of course if you have a high in truth I type in your credit card ... this may not be the best option for you ... plus they only need thirty days or so anything that this is the noun that they can pay now ... you are going to get money from Uncle Sam and he owes you ... do they care if you ever filed ... the studio while the union leader and have opted to me years to file their returns ... any feud and again ... the refunds ... and you don't have to pay some of the early filing penalties ... and clearly I knew it and that's what's happening now is you have until April fifteen to claim any refund from two thousand and nine ... interesting yes this is really a billion dollars in unclaimed refunds for the person who is due to fall I going to bed because it is yours is the fact that people miss that deadline ... using numbers alone time that people who miss payments and the fact clear but I know that there's no the rainfall are not paying your taxes on time even if you I and and that the government actually meet you waiving late payment penalties ... for anybody who require any of the forms that were held up this year ... because of the risk of Christie online ads ... on my interest is still doing so he is known ... leave me and that yet I'd to know Mark A think you're a much